In 2013, the global leader in business intelligence and C-level networking for the transport, logistics and supply chain industry, eye for transport (EFT), conducted a survey focused on which supply chain functions businesses most outsource.
The corresponding analyses was recently released in the report "Global Chief Supply Chain Officer Strategy Report."
What they found was that the most commonly outsourced supply chain element was transport and distribution. Approximately 78% outsourced at least a quarter, and 37.7% outsourced all of it. In other words, outsourcing transportation and distribution is not only common, it’s almost universal.
The report goes on to point out the two most important factors when choosing a supply chain service provider are simple: quality of service and cost. Done right, outsourcing transportation and distribution has a positive impact on the bottom line with cost savings, faster transportation, increased customer satisfaction, to name a few.
As more and more retail organizations strive to achieve a totally seamless consumer experience from traditional brick-and-mortar locations to online purchasing, to mobile applications, the complexity of the supply chain grows exponentially. It makes sense, then, that integration of IT systems between multiple channels is the biggest concern for omni-channel expansion.
Full and comprehensive integration of an IT system prevents information silos and ensures full visibility into every step of the supply chain, especially with suppliers and solution providers. Companies not only need insight into their own data warehouses, but must be able to incorporate data from partners, analyze their supplier’s performance in comparison to their competitors, and customize and share these analyses with each other and their partners.
To do this, companies need data - pulled from their systems and their partners’. But data by itself doesn’t have a whole lot of use if you can’t extract meaningful information from it. That’s where Business Intelligence and Analytics comes into play.
With a full scale BI and Analytics solution, users can create reports and analyses to distribute internally and externally at a push of a button. Reports can be fully customized per recipient, sending one version to external partners and another of the same report to internal employees. This not only ensures everyone is on the same page, but further strengthens relationships between retailers and distribution partners.
It also makes it possible to evaluate service providers based on their prices, service, and customer satisfaction. Then compare them to their competitors.
But what about analyzing that information outside of your own data warehouse, such as your partner’s data in relation to your own? That’s why we developed TARGIT Xbone, the perfect add-on to the TARGIT solution for supply chain professionals. Just drag and drop spreadsheets into the Xbone folder and it will be ready for analysis in just a few seconds. This is a powerful tool for anyone outsourcing any part of their business, ensuring valuable partner data can be fully incorporated into any analysis.
Interested in learning more about TARGIT Xbone? Download a free trial